Royal Mail to pay special dividend - News Summed Up

Royal Mail to pay special dividend


Good morning: Boosted by the boom in online shopping Royal Mail has announced plans to pay a special 10p-a-share dividend. The announcement came as the privatised postal group updated shareholders before announcing full-year results in May and briefing City analysts and investors on GLS, its international courier company. Royal Mail said it expected adjusted operating profit for this year to still be about £700 million, in line with a bullish unscheduled trading update this month. SponsoredThe company added that it would tell analysts and investors later today that it expected GLS to grow revenue at about 12 per cent a year and “more than double operating profit to €500 million and generate €1 billion of free cash flow”. Elsewhere this morning:• Oxford Nanopore,


Source: The Times March 30, 2021 07:52 UTC



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